Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: R

RECALL RATIO

This term refers to the number of records gathered in a database search divided by the total number of records indexed on that subject in the catalog. See also precision ratio.

RECIDIVISM

Within the environment of health insurance, this term is used in reference to the regularity with which an insured returns to the hospital for inpatient treatment due to the same complaint.

RECORD APPRAISAL

Determination of the retentive values and disposal time of records based on their administrative, audit, fiscal, historical, legal, or operational value to the organizations where they were created or received.

RECTO

Right hand page of an open publication, usually odd numbered. The title of a book appears always on this page, and so does the contents, preface, introduction, chapter headings, etc.

REDACTION

The process of redaction is when a document is modified, edited or reviesed to have all confidential and sensitive information taken out of it.

REEFER CARGO

This term refers to a shipment that requries a temperature controlled environment.

REFERRAL

This term refers to the recommendation by a patients primary care doctor that they see an additional doctor, usually a specialist.

REFURBISHING

Bringing older or damaged equipment to either a better looking or workable condition. They are usually in better condition than reconditioned items.

REHYPOTHECATION

US practice in securities trading whereby under particular circumstances a broker may use securities in his or her possession but owned by another person as collateral to raise a loan to cover

RELATIVE VALUE

A method of determining an asset’s value that takes into account the value of similar assets. In contrast, absolute value looks only at an asset’s intrinsic value and does not compare it

REMEDIATION

The action of remedying something, esp the reversal or stopping of damage to the environment

REORDER POINT

The level reached in inventory indication the need for more supplies.

REPOSSESSION

1. Voluntary or forced surrender of goods to the owner due to the inability to pay for them. 2. Legal process where the lender takes back property or assests when the borrower

RESERVE CAPACITY

The capacity that is gteater than that needed to satisfy a peak demand.

RESTRICTED ACCOUNT

An account where the asset or margin has fallen lower than its minimum requirements. See Margin; Remargining

RETRENCHMENT

The layoff of employees that is forced by the company’s economic position.

REVALUATION

1. The adjustment up of currency value in respect to another currency value or exchange rate. 2. The adjustment up of the book value of assets.

REVERSE MARKETING

Also called competitive marketing. A proactive approach that can be intensive for procurement og items.

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